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August 11th, 2016 JD.com Inc, China's second biggest e-commerce company, reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline that is expected to continue. The company, Alibaba Group Holding Ltd's main rival in online shopping, said on Wednesday revenue for the quarter rose...
CHINA

July 6th, 2016 Chinese tech firm Alibaba's internet-connected car will set the Chinese e-commerce giant up to quickly introduce driverless vehicle technology, Chief Technology Officer Wang Jian told Reuters on Wednesday. Alibaba and the country's largest automaker SAIC Motor Corp demonstrated their jointly developed car equipped with the YunOS...
CHINA

July 4th, 2016 China has banned online media from publishing unverified content, especially from the social media, after the country's internet regulator punished some major websites that fabricated stories this year. China has banned online media from publishing unverified contents, specially from the social media. Online media basing news...
CHINA

June 28th, 2016 China has tightened rules for mobile app developers including requiring real-name registration and preserving users' activity logs, the country's internet regulator said on Tuesday, as Beijing looks to strengthen oversight of the growing app market. The Cyberspace Administration of China (CAC) said in a statement that mobile app...
CHINA

June 28th, 2016 Chinese tech giant Baidu today said it plans to begin mass-production of driverless cars in five years as part of its efforts to get ahead of its US rivals Google and Tesla Motors in the autonomous vehicle technology. President Zhang Yaqin said Baidu will carry out road tests of driverless cars in 10 Chinese cities, with the aim to...
CHINA

June 27th, 2016 Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday. Without citing its sources, the Bild am Sonntag weekly said Wirecard was in confidential talks with Alipay about it...
CHINA

June 25th, 2016 China's internet regulator said on Saturday that search engines should tighten management of paid-for ads in search results, making clear which results are paid for and limiting their numbers. The Chinese government already exercises widespread controls over the internet and has sought to codify that policy in law. Chinese regulators...
CHINA

June 23rd, 2016 McDonald's has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said. Buyout firms including Bain Capital, TPG Capital and Carlyle Group are also participating in...
CHINA

June 23rd, 2016 High-speed network 4G has become immensely popular in China as the number of its users shot to 530 million in Q1 this year, exceeding the number of 4G users in the US and Europe put together, a senior official said today. China has the worlds largest 4G network, covering all cities and major towns, Chen Zhaoxiong, vice minister of...
CHINA

June 14th, 2016 Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it expects to nearly double its transaction volumes by 2020, signalling it still expects rampant growth as Executive Chairman Jack Ma pledged to intensify a crackdown on fake goods. At an investor conference at its headquarters in Hangzhou, Zhejiang province, Alibaba...
CHINA

June 5th, 2016 Ride-hailing app Uber expects to continue on a "rapid growth" path in China, hoping to surpass market leader Didi Chuxing in 2017, Uber China's head of strategy said on Friday. The company has been in fierce competition with Didi Chuxing, which is backed by Internet giants Alibaba Group and Tencent, across China. Uber's market...
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